At a Glance
Median Income
$61,975
$24,245 per capita
Home Value
$346,500
Zillow: $434,225
Median Rent
$1,619/mo
36.8% of income on rent
Bachelor's Degree+
24.3%
77.4% high school+
Unemployment
3.8%
15.5% poverty rate
Obesity Rate
31.2%
14.3% smoking rate
How Homestead Compares to the U.S. Average
Each bar shows Homestead's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Homestead a Good Place to Live?
B
3.3 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Homestead residents earn a median household income of $61,975 , which is 18% below the national average of $75,149.
Per capita income is $24,245. The unemployment rate stands at 3.8% (6% above the U.S. rate of 3.6%). 15.5% of residents live below the poverty line. The area is home to 123,309 business establishments, including 6,356 restaurants.
Housing & Cost of Living
The median home value in Homestead is $346,500 , 23% above the national median of $281,900.
Zillow estimates the typical home at $434,225. Median rent is $1,619/month, with 36.8% of renters spending more than 30% of income on housing. The cost of living index is 103.4 (100 = national average). The median home was built in 2001.
Education
24.3% of adults in Homestead hold a bachelor's degree or higher
(28% below the national average).
77.4% have completed high school. Local schools score 5.7/10 in standardized testing.
Climate & Weather
Homestead has an average annual temperature of 76°F (24°C).
Winters average 66°F in January while summers reach 83°F in July. Annual precipitation totals 59.9 inches.
Data Overview
People
Population80,725
Median Age32.3 yrs
Density5,353/mi²
Male / Female50% / 50%
Foreign Born40.0%
Veterans3.6%
Economy
B+
Median Income$61,975
Per Capita$24,245
Unemployment3.8%
Poverty15.5%
County GDP$260,837M
Avg Weekly Wage$1,492
Housing
B+
Home Value$346,500
Rent$1,619
Ownership45.0%
Zillow$434,225
Housing Units26,106
Rent Burden36.8%
Health
Obesity31.2%
Diabetes14.8%
Smoking14.3%
Heart Disease6.6%
Premature Death6,314/100K
Climate
Avg Temp76°F
Rain59.9 in/yr
Elevation7 ft
Education
C+
Bachelor's+24.3%
High School+77.4%
Graduate+7.5%
School Score5.7/10
Community
2024 VoteR 55% / D 44%
Commute37 min
Broadband90.8%
Internet Speed167 Mbps
EV Stations16
Libraries63
Did You Know?
The median home in Homestead was built in 2001.
The nearest airport is Miami International (25 miles).
The Gini coefficient (income inequality) is 0.516 (U.S. avg: 0.490).
Natural hazard risk is rated "Very High" by FEMA.
10.4% of the population has a disability.
40.0% of residents are foreign-born.
Average internet download speed is 167 Mbps.
There are 6,356 restaurants in the area.
The county recorded 290 fatal vehicle crashes.